Providing a diverse range of perspectives from bullish to bearish, 20 analysts have published ratings on Coinbase Glb COIN in the last three months.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 6 | 4 | 4 | 2 |
| Last 30D | 0 | 0 | 0 | 0 | 1 |
| 1M Ago | 2 | 4 | 3 | 1 | 0 |
| 2M Ago | 1 | 2 | 1 | 2 | 0 |
| 3M Ago | 1 | 0 | 0 | 1 | 1 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $153.4, a high estimate of $250.00, and a low estimate of $35.00. This upward trend is apparent, with the current average reflecting a 36.26% increase from the previous average price target of $112.58.
Investigating Analyst Ratings: An Elaborate Study
The perception of Coinbase Glb by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Will Nance | Goldman Sachs | Raises | Sell | $170.00 | $124.00 |
| Devin Ryan | JMP Securities | Raises | Market Outperform | $220.00 | $200.00 |
| Mike Colonnese | HC Wainwright & Co. | Raises | Buy | $250.00 | $115.00 |
| Richard Repetto | Piper Sandler | Raises | Neutral | $165.00 | $125.00 |
| Moshe Katri | Wedbush | Raises | Outperform | $200.00 | $180.00 |
| Owen Lau | Oppenheimer | Raises | Outperform | $200.00 | $160.00 |
| Kyle Voigt | Keefe, Bruyette & Woods | Raises | Market Perform | $160.00 | $93.00 |
| Joseph Vafi | Canaccord Genuity | Raises | Buy | $240.00 | $140.00 |
| Kenneth Worthington | JP Morgan | Maintains | Neutral | $80.00 | $80.00 |
| Owen Lau | Oppenheimer | Maintains | Outperform | $160.00 | $160.00 |
| Kenneth Worthington | JP Morgan | Announces | Underweight | $80.00 | - |
| Peter Christiansen | Citigroup | Raises | Neutral | $151.00 | $90.00 |
| Dan Dolev | Mizuho | Raises | Underperform | $60.00 | $54.00 |
| Moshe Katri | Wedbush | Raises | Outperform | $180.00 | $110.00 |
| John Todaro | Needham | Raises | Buy | $180.00 | $160.00 |
| Dan Dolev | Mizuho | Raises | Underperform | $54.00 | $35.00 |
| Devin Ryan | JMP Securities | Raises | Market Outperform | $200.00 | $107.00 |
| Will Nance | Goldman Sachs | Raises | Sell | $123.00 | $55.00 |
| John Todaro | Needham | Raises | Buy | $160.00 | $120.00 |
| Dan Dolev | Mizuho | Raises | Underperform | $35.00 | $31.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Coinbase Glb. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Coinbase Glb compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Coinbase Glb's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Coinbase Glb's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Coinbase Glb analyst ratings.
Get to Know Coinbase Glb Better
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
Breaking Down Coinbase Glb's Financial Performance
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Positive Revenue Trend: Examining Coinbase Glb's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 51.61% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Coinbase Glb's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 28.66%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.48%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Coinbase Glb's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.16%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.48, Coinbase Glb adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Significance of Analyst Ratings Explained
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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